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Dec 3, 2012
12/12
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this is our economy. we all want the economy to get better and americans to have more opportunities at jobs. this agreement should come sooner rather than later because just the threat of the fiscal cliff is already hurting our economy. now listen, i believe that raising tax rates hurts our economy, hurts the prospects for more jobs in our country. and i realize the president may disagree, but the fact is if there's another way to get revenue from upper income americans that doesn't hurt our economy, then why wouldn't we consider it? >> what if we go over the cliff. doesn't the president hold all the cards then? can't he say, all right, everybody taxes have increased. i'm offering 98% a tax cut of $2,000 a year. you are the party of lower taxes. are you going to refuse to cut people's tacks? >> nobody wants to go over the cliff. that's why the day after the election i tried to speed this process up by making the concession to put revenues on the table. it's unfortunate that the white house has spent three
this is our economy. we all want the economy to get better and americans to have more opportunities at jobs. this agreement should come sooner rather than later because just the threat of the fiscal cliff is already hurting our economy. now listen, i believe that raising tax rates hurts our economy, hurts the prospects for more jobs in our country. and i realize the president may disagree, but the fact is if there's another way to get revenue from upper income americans that doesn't hurt our...
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Nov 30, 2012
11/12
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CURRENT
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i want to stimulate the economy. this adds a new dimension to it. he gave his back of the hand to boehner's -- for the debt -- this is a rejuvenated president adding things to the table, not taking them off. >> it is pretty amazing. adding stimulus to the table means exactly what you just said eliot. it means emphasizing jobs and growth instead of deficit reduction. that's something that's going to make liberals in washington extremely happy and the whole package including this debt ceiling, getting rid of congress's authority over the debt ceiling is something -- it is just politically strong. it is going to make his voters feel emboldened. they're going to give them something to rally around instead of a discussion on numbers and how much are we going to give to entitlements. he said to his base and to his voters who just re-elected him by a reasonably handy margin, we've got something to fight for here. >> eliot: i don't want to go off on the conversation exclusively about the debt ceiling but he's right about saying to congress you pass the spen
i want to stimulate the economy. this adds a new dimension to it. he gave his back of the hand to boehner's -- for the debt -- this is a rejuvenated president adding things to the table, not taking them off. >> it is pretty amazing. adding stimulus to the table means exactly what you just said eliot. it means emphasizing jobs and growth instead of deficit reduction. that's something that's going to make liberals in washington extremely happy and the whole package including this debt...
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Dec 5, 2012
12/12
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CSPAN
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economy. -- >> what is the way to do that and not hurt the u.s. economy? >> we need really, really fundamental tax reform. we also need entitlement reform, and we also need to use cost-benefit analysis. what shocked me about what the president put out is the cost- benefit analysis that they put out. they were proposing things that were twice the costs of their own benefits. i am sorry. if you run a government like that, you will go bankrupt. the rest of it is an exercise. we may as well go off the cliff or not. it really does not matter. if it is not january 1, it is not going to be too long from now before we start taking a sharp pencil to things. >> i sympathize with what larry is saying. what i am proposing, and what we are actually debating here is not to solve all of our problems ad infinitum into the future. there should be to solve this over the next decade so we get to a stable place. that is very doable in the context of the debate we are having now. if we get $3 trillion and debate the arithmetic, i think that is using reasonable assumptions abou
economy. -- >> what is the way to do that and not hurt the u.s. economy? >> we need really, really fundamental tax reform. we also need entitlement reform, and we also need to use cost-benefit analysis. what shocked me about what the president put out is the cost- benefit analysis that they put out. they were proposing things that were twice the costs of their own benefits. i am sorry. if you run a government like that, you will go bankrupt. the rest of it is an exercise. we may as...
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Nov 30, 2012
11/12
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MSNBCW
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again, the economy is doing a little better. the unemployment numbers have been a little better, but what's the impact? >> 2 million people -- >> 2 million would lose. >> -- would lose income. here's the thing. there's a lot of talk of these people are looking or not looking for jobs, they're just taking this check. that's not the case. there's only one job for every three folks looking for a job. so there literally is not a job available for two of those people. so they have this income, unemployment insurance which keeps them in the economy, a functioning part of the economy, so they can spend the money. so the economic policy institute went ahead and extrapolated. if you were to keep this $30 billion cost of extended unemployment insurance, actually, that will pump another $15 billion to $18 billion into the economy because these folks are spending money. and that's what fuels our economy. >> some of the people who argue that we should go off the fiscal cliff, that it will push them to negotiate a sort of more thoughtful deal
again, the economy is doing a little better. the unemployment numbers have been a little better, but what's the impact? >> 2 million people -- >> 2 million would lose. >> -- would lose income. here's the thing. there's a lot of talk of these people are looking or not looking for jobs, they're just taking this check. that's not the case. there's only one job for every three folks looking for a job. so there literally is not a job available for two of those people. so they have...
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Nov 30, 2012
11/12
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CNNW
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the economy would go into a recession, economic output would drop and unemployment rate would go back up to 9.1% by the end of next year. now, the clock is ticking. john and harry, get out of the sand box. 33 days are left. peter difazio of oregon is "outfront" tonight. let me just get a response from you about timothy geithner's plan that he put on the table. 1.6 trillion in revenue. $400 billion in cuts. i'm a little confused because the president said he will give $2.50 in spending cuts for every dollar in revenue. this is, this is the opposite. >> well, finally, the white house has learned not to negotiate with itself, but with the opposition, which is the republicans. remember, there is no real cliff. on january 1st, the only thing that goes away is the social security tax holiday and nobody is seriously talking about continuing that. all the other tax increases don't take place until sometime around march. gives congress plenty of time to rekrit them, but that's $4 trillion of additional revenues. so okay, we're going to cut that more than in half. that will probably mean reagan
the economy would go into a recession, economic output would drop and unemployment rate would go back up to 9.1% by the end of next year. now, the clock is ticking. john and harry, get out of the sand box. 33 days are left. peter difazio of oregon is "outfront" tonight. let me just get a response from you about timothy geithner's plan that he put on the table. 1.6 trillion in revenue. $400 billion in cuts. i'm a little confused because the president said he will give $2.50 in spending...
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Nov 30, 2012
11/12
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the new 2013 ram 1500. ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ guts. glory. ram. >>> we are back with tonight's outer circle where we reach out to our sources around the world and tonight, we go to syria where the internet is nearly blacked out. the road to damascus is shut down. the u.s. is still weighing on whether to arm them. nick peyton walsh is in beirut and i asked him about the deterioratie ining situation in syria. >> reporter: two dramatic developments today. first, the communications blackout across the country. the internet down along with most cell phones perhaps done by the regime to stop communications with the outside world about their successes, perhaps suggesting a crisis at the heart of damascus' ruling eli elite. damascus international airport, flights canceled from there. reports of clashes nearby. two austin ran peace keepers likely wounded. that vital symbol on the outskirt of the capital clearly under threat at the moment and after months of stalemate, signs of real change and movem
the new 2013 ram 1500. ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ guts. glory. ram. >>> we are back with tonight's outer circle where we reach out to our sources around the world and tonight, we go to syria where the internet is nearly blacked out. the road to damascus is shut down. the u.s. is still weighing on whether to arm them. nick peyton walsh is in beirut and i asked him about the deterioratie ining situation in syria. >> reporter:...
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Dec 4, 2012
12/12
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KQED
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major funding for the pbs newshour has been provided by: moving our economy for 160 years. bnsf, the engine that connects us. and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> ifill: house republicans today offered their counter- offer to the president's plan for a deal both sides say is needed to avoid year-end tax increases. the move was the latest volley in an increasingly tense face- off between the two branches of government. >> with 28 days left to come to a deal on the nation's fiscal cliff, the white house is holding firm on its proposal to raise taxes on the wealthy. spokesman jay carney. >> the obstacle remains at this point the refusal to acknowledge by republican leaders that there is no deal that achieves the kind of balance that is necessa
major funding for the pbs newshour has been provided by: moving our economy for 160 years. bnsf, the engine that connects us. and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you....
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Nov 30, 2012
11/12
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in their pockets, continued to keep that amount of money in their pockets at a critical time in our economy. we can have that passed right away by the house and signed by the president. that would be a great christmas gift to everybody, 98% of all of americans. >> why can't they just be grown up about this, accept that there's movement on both sides to be done, and get it done over a turkey at the white house? >> well, you know, it would be great to have a celebration. we can start that celebration by passing what's already sitting in the house of representatives that was passed in the united states senate, which is a continuing tax cut for 98% of all americans. we have put down our down payment towards deficit reduction by saying that we believe that $1 trillion or so over the next decade of those tax cuts above and beyond a quarter of a million dollars can go to deficit reduction. our republican colleagues need to say specifically what they want to cut. when they say entitlements, entitlements is medicare and medicaid. what do you want to do about medicare and medicaid? put it on the tabl
in their pockets, continued to keep that amount of money in their pockets at a critical time in our economy. we can have that passed right away by the house and signed by the president. that would be a great christmas gift to everybody, 98% of all of americans. >> why can't they just be grown up about this, accept that there's movement on both sides to be done, and get it done over a turkey at the white house? >> well, you know, it would be great to have a celebration. we can start...
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Nov 28, 2012
11/12
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FOXNEWSW
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new home sales fell by .3 of a percentage point but housing overall has been a bright spot in the economy in recent weeks. today's dip did not bother wall street. the dow gained 107. s&p 500 up 11. nasdaq finished ahead 24. argentina may look at another big default. the fitch credit rating agency downgraded argentina five notches. the country also defaulted in 2002. meantime, the european commission has approved a plan to rescue spain's banks. it will force the closing of half their branchs. plus the elimination of thousands of jobs. greece's finance minister says a bond buy-back program must work in order to reduce the country's huge debt. failure to communicate and you are paying for it. that is later in the grapevine. up next, is the u.n. ambassador going job hunting? [ male announcer ] red lobster's hitting the streets to tell real people about our new 15 under $15 menu. oh my goodness! oh my gosh, this looks amazing! [ male announcer ] our new maine stays! 15entrees under $15, seafood, chicken and more! oothe tilapiawith roastedegetab! i'm actually looking at the wo grilled chicken w
new home sales fell by .3 of a percentage point but housing overall has been a bright spot in the economy in recent weeks. today's dip did not bother wall street. the dow gained 107. s&p 500 up 11. nasdaq finished ahead 24. argentina may look at another big default. the fitch credit rating agency downgraded argentina five notches. the country also defaulted in 2002. meantime, the european commission has approved a plan to rescue spain's banks. it will force the closing of half their...
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charles: the economy is scary, but this is even scarier. not the zombies, but the government spending taxpayer money on zombies the boys use capital one venture miles for their annual football trip. that's double miles you can actually use. tragically, their ddy got sacked bblackouts. but 's our tradition! that's rouing the card holder. but with the capital one venture card you get double miles you can actually use. [ cheering ] any flight, anytime. the scoreboard doesn't lie. what's in your wallet? hut! i have me on my fantasy team. what's in your wallet? hut! [ female announcer ] some people like to pretend a flood could never happen to them. and that their homeowners insurance protects them. [ thunder crashes ] itoesn't. stop ptending. only flood insurance covers floods. visit floodsmart.gov/pretend to learn your risk. charles: paying for security? it could make us more financially insecure. senator tom coburn saying that homeland security has spent $35 billion in grants to make america safer. but it still can't measure if we are actuall
charles: the economy is scary, but this is even scarier. not the zombies, but the government spending taxpayer money on zombies the boys use capital one venture miles for their annual football trip. that's double miles you can actually use. tragically, their ddy got sacked bblackouts. but 's our tradition! that's rouing the card holder. but with the capital one venture card you get double miles you can actually use. [ cheering ] any flight, anytime. the scoreboard doesn't lie. what's in your...
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Nov 28, 2012
11/12
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FBC
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having to get deeper into that whole would not be good for the economy. liz: thank you for joining us rea.we like our governors of evy state. he is an independent. if so many defense jobs. our governors on the edge week. utah governor in another fox business exclusive. they have a very low unemployment rate unlike rhode island, but he says it will be impacted if d.c. cannot reach an greement. the closing bell ringing in about 47 minutes. would you do business in a dangerous area if you thought the risk might bring huge rewards? libya wants business in a huge way. we're not just talking about oil rigs and pipelines, but also massive infrastructure projects, roads, schools, you name it. part of the royal libyan family. he is back in his job is to sell libya on u.s. companies. find out what he thinks there is a big payoff for american businnss. a fox business exclusive. having you ship my gifts couldn't beasier. well, having a t olocations doesn't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that is a customer. oh...sorry about that. [ male
having to get deeper into that whole would not be good for the economy. liz: thank you for joining us rea.we like our governors of evy state. he is an independent. if so many defense jobs. our governors on the edge week. utah governor in another fox business exclusive. they have a very low unemployment rate unlike rhode island, but he says it will be impacted if d.c. cannot reach an greement. the closing bell ringing in about 47 minutes. would you do business in a dangerous area if you thought...
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Dec 6, 2012
12/12
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WUSA
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. >> i think it underestimates the potential impact on the economy and the very people we're trying to protect would be the most affected if that happened. so i don't think it's a good idea at all to go off the fiscal cliff. >> first of all, two questions, would you be willing to work through the christmas holiday to make sure this gets done? >> absolutely. >> second question, what about foregoing any pay until you solve this problem? >> well, the problem with that is there are 535 of us and i'm willing to solve the problem and compromise. i don't want to be penalized because of somebody else. >> fair enough. congressman connolly, we thank you for being here. i take it that means you want to keep collecting your paycheck. >> i want to get something done for the american people and in congress of two years the people get to throw us out of office if we didn't do our job. >> thank you, fair enough. glad you got that cough under control. tomorrow maryland senator ben cardin will be here and talk about fiscal cliff as well at 7:00. you can send in questions to mailbag@wusa9.com or leave a
. >> i think it underestimates the potential impact on the economy and the very people we're trying to protect would be the most affected if that happened. so i don't think it's a good idea at all to go off the fiscal cliff. >> first of all, two questions, would you be willing to work through the christmas holiday to make sure this gets done? >> absolutely. >> second question, what about foregoing any pay until you solve this problem? >> well, the problem with that...
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Nov 29, 2012
11/12
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CNNW
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it's been a roller coaster for this economy. but if you go by what the government is telling us, things should be looking up but everyone including ecri agree that going over the fiscal cliff would make things worse and brings me to the next topic. sequestration. a stupid name for a stupid thing. more then a year ago, both the president and congress made a deal with the devil after both parties felt no shame in taking america to the brink over raising the debt ceiling. so-called compromise back then was that if not negotiate a debt reduction deal, cuts happen across the board. this is not the whole fiscal cliff but just the sequester. $1.2 trillion of mandatory spending cuts over ten years and scheduled for january 2nd. half of that money cut in defense. half in everything else. next year alone could take $65 billion out of spending and a million jobs versus growing 2 million which is what the u.s. is on track to do now. i fully understand the government needs to spend less and spend more efficiently but how you achieve it is as
it's been a roller coaster for this economy. but if you go by what the government is telling us, things should be looking up but everyone including ecri agree that going over the fiscal cliff would make things worse and brings me to the next topic. sequestration. a stupid name for a stupid thing. more then a year ago, both the president and congress made a deal with the devil after both parties felt no shame in taking america to the brink over raising the debt ceiling. so-called compromise back...
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Dec 2, 2012
12/12
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the world economy doesn't know. my question is this. would the republican party like to go over the cliff hanging onto that 2% rich people and say that's why they did it? can they live with themselves if they do it? >> they have -- in some ways the politics for boehner becomes easier. i don't like to call it a cliff. after they go down the slope. >> why? >> because if nothing happens between now and the oerchd the year, all the tax cuts, puff, they disappear. you come back the first week in january and you pass a bill and then the tee partiers, boehner can make the argument to them if twhanlt to be reasonable. now you're voting for a tax cut. not for everyone but for 98%. before that happens the tea party people will say we're voting to raise taxes on the research. if you're voting to let it happen on its own -- >> do you people buy that story? they know what the mechanics of this thing are. >> let me finish one second. the tea partiers have to worry, some of them,ing being challenged from the right if they vote for anything resembling
the world economy doesn't know. my question is this. would the republican party like to go over the cliff hanging onto that 2% rich people and say that's why they did it? can they live with themselves if they do it? >> they have -- in some ways the politics for boehner becomes easier. i don't like to call it a cliff. after they go down the slope. >> why? >> because if nothing happens between now and the oerchd the year, all the tax cuts, puff, they disappear. you come back the...
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Nov 30, 2012
11/12
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major funding for the pbs newshour has been provided by: ♪ ♪ moving our economy for 160 years. bnsf, the engine that connects us. and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> brown: the battle for control of syria reached ever closer to the capital today. heavy fighting flared near the damascus airport, and online access was cut, as the pressure intensified on president bashar al-assad. we have a report narrated by jonathan rugman of "independent television news." >> reporter: it could be the west's worst nightmare. jubilant jihadist fighters near damascus. this group has captured a helicopter and these islamists are now in the vanguard of syria's rebel army. syrian warplanes and helicopters were filmed attacking the fringes of the capital today. and t
major funding for the pbs newshour has been provided by: ♪ ♪ moving our economy for 160 years. bnsf, the engine that connects us. and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you....
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Dec 2, 2012
12/12
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i really believe if we solve this problem, the economy is going to take off. >> but solve it in a big way. don't you agree, governor? >> absolutely. >> we have to go big on this. >> we can't kick the can down the road. sorry we're taking the show over from you. >> i needed a breather, anyway, you're chairman of the fix the debt group. democrats at this point, do you think they are -- dealing seriously enough with entitlement reforms? >> i think some of them like senator durbin are, but there are a lot of people on left of our party, the progressive wing of the party, very progressive wing that haven't come to grips with what i said at the beginning and what susan echoed. that if we're going to ask the republicans to raise rates and raise, i think somewhere around $1.3 trillion in revenue, then we've got to give them something that their base cares about so they can do it. so they can actually make the deal and close the deal. i don't think we're aware of that yet. before all of us. >> i want to talk about susan rice, the u.s. ambassador to the u.n. possible nominee for secretary of st
i really believe if we solve this problem, the economy is going to take off. >> but solve it in a big way. don't you agree, governor? >> absolutely. >> we have to go big on this. >> we can't kick the can down the road. sorry we're taking the show over from you. >> i needed a breather, anyway, you're chairman of the fix the debt group. democrats at this point, do you think they are -- dealing seriously enough with entitlement reforms? >> i think some of them...
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Dec 2, 2012
12/12
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KPIX
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going to get there because the only thing that stands in the way of an agreement that's good for the economy is if a group of republicans decide they're going to block and increase in tax rates on the wealthiest americans. i think it's unlikely they will choose to do, that of course, because there's so much at stake. >> schieffer: in all seriousness, i'm told mitch mcconnell laughed when you handed in this proposal. is that true? >> they're in a hard position, bob. they really are in a difficult position. and they're going to have to figure out their politics of what they do next and they're trying to figure that out right now. we're going to work very hard at this and we're going to keep talking to each other. and, again, i think we have a very good chance for coming together on an agreement that not just protects 98% of americans from a tax increase and protects the economy from deeply damaging upfront spending cuts and protects the med from leaving us vulnerable to, you know, periodic threats of defaults by politicians, i think we can do better than that and do something good for the long
going to get there because the only thing that stands in the way of an agreement that's good for the economy is if a group of republicans decide they're going to block and increase in tax rates on the wealthiest americans. i think it's unlikely they will choose to do, that of course, because there's so much at stake. >> schieffer: in all seriousness, i'm told mitch mcconnell laughed when you handed in this proposal. is that true? >> they're in a hard position, bob. they really are...
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Dec 5, 2012
12/12
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CURRENT
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we can't have a productive economy that's in service of wall street. the hyper trading is only bad for creating those markets. i think we should have a very small fractional transaction tax that would then go into help them pay for the bailout and actually, it's not good to be doing all that hyper trading. >> i think you should be secretary treasure you are. thanks for coming on the show. >> fox news chairman flexing his political muscle, caught on then how'd i get this... [ voice of dennis ] ...allstate safe driving bonus check? what is that? so weird, right? my agent, tom, said... [ voice of dennis ] ...only allstate sends you a bonus check for every six months you're accident-free... ...but i'm a woman. maybe it's a misprint. does it look like a misprint? ok. what i was trying... [ voice of dennis ] silence. ♪ ♪ ask an allstate agent about the safe driving bonus check. are you in good hands? [ male announcer ] red lobster's crabfest ends soon. hurry in and try five succulent entrees like our tender snow crab paired with savory garlic shrimp. jus
we can't have a productive economy that's in service of wall street. the hyper trading is only bad for creating those markets. i think we should have a very small fractional transaction tax that would then go into help them pay for the bailout and actually, it's not good to be doing all that hyper trading. >> i think you should be secretary treasure you are. thanks for coming on the show. >> fox news chairman flexing his political muscle, caught on then how'd i get this... [ voice...
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Nov 30, 2012
11/12
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CSPAN
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the american economy is on the line. and this is a moment for adult leadership. host: up next on the proposal that was offered by the white house on the fiscal cliff. this is jon. independent line. hello. caller: hello. first of all, happy holidays. not sure. happy holidays, anyway. second of all, you people are journalists. you people are true journalists. i watch every day of the week. and one more thing, that fool that called yesterday, must be a product of inbreeding the way -- i don't know how they let him in. host: before we go back to yesterday, what do you think of the proposal today? >> caller: well, you don't know what they do behind closed doors. what they put out to the public is one thing and from both parties. they both have a little spin here and there. politicians to me, ha, i could tell you a story that happened when i was a kid in the 1950's. i'm originally from new york and some woman asked a politics who was running, why should i vote for you? and he said outright, because time biggest crook in this neighborhood and that guy was always voted i
the american economy is on the line. and this is a moment for adult leadership. host: up next on the proposal that was offered by the white house on the fiscal cliff. this is jon. independent line. hello. caller: hello. first of all, happy holidays. not sure. happy holidays, anyway. second of all, you people are journalists. you people are true journalists. i watch every day of the week. and one more thing, that fool that called yesterday, must be a product of inbreeding the way -- i don't know...
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Nov 29, 2012
11/12
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, have a lot of money on the line, recognize house republicans are willing to go nuts and wreck the economy if you enlist them, you've put additional pressure on republicans to come to the table and agree to a deal that's more along the lines of what democrats and president obama would like to happen. i think there's -- there's something in it for president obama. >> maybe form a daisy chain with the ceo of caterpillar and pepsico and walk around. >> not touching that one. >> interesting optical political kabuki theater. as moderate republicans join the critical corous over susan rice, we'll look at rice resume on "now." so anyway, i've been to a lot of places. you know, i've helped alot of people save a lot of money. but today...( sfx: loud noise of metal object hitting the ground) things have been a little strange. (sfx: sound of piano smashing) roadrunner: meep meep. meep meep? (sfx: loud thud sound) awhat strange place. geico®. fifteen minutes could save you fifteen percent or more on car insurance. [ male announcer ] introducing a brand new medicare prescription drug plan. it's called
, have a lot of money on the line, recognize house republicans are willing to go nuts and wreck the economy if you enlist them, you've put additional pressure on republicans to come to the table and agree to a deal that's more along the lines of what democrats and president obama would like to happen. i think there's -- there's something in it for president obama. >> maybe form a daisy chain with the ceo of caterpillar and pepsico and walk around. >> not touching that one. >>...
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Nov 29, 2012
11/12
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this could be a nice stimulus for the economy. john boehner saying he has seen no substantive progress on the fiscal cliff talks in the last couple weeks. what compromises need to be made? sheila bair, being a former fdic chair, telling us 4 ways wall street can help out and it is not all good news for investors. liz: did you see the cover of the wall street journal? fed stimulus like gillian 2013. we talked about this the second broke yesterday halfway through the 3:00 p.m. show. the man who wrote the article, wall street journal's chief economic correspondent and chief head head to lend us live. dave: before that is of we will tell you what drove the market with the data download. stocks extending yesterday's gains finishing a volatile session higher with the dow, s&p and nasdaq trading above the 200 day moving average for the first time in three weeks. telecom and health care were the top performing sectors. fewer americans filing first-time applications for unemployment benefits as hurricane sandy had the labor market and cont
this could be a nice stimulus for the economy. john boehner saying he has seen no substantive progress on the fiscal cliff talks in the last couple weeks. what compromises need to be made? sheila bair, being a former fdic chair, telling us 4 ways wall street can help out and it is not all good news for investors. liz: did you see the cover of the wall street journal? fed stimulus like gillian 2013. we talked about this the second broke yesterday halfway through the 3:00 p.m. show. the man who...
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Nov 29, 2012
11/12
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how is that going to help the economy? >> it won't help the economy. they're going to put this new 3.8% sur fax on to investors to pay for obama care. as you mentioned, it cost more than $100 billion. something to keep in mind here is the total tax hike cost for obama care is $500 billion. americans will see more than half of that take place on january 1st. >> that's on top of whatever they decide to do on this fiscal cliff business. katie, the next biggest one, $87 billion is an increase in the payroll tax. .9%, 2.9 to 3.8%, small business busy and self-employed. how does that promote growth. they're going to be hiring less and there are going to be fewer employees. >> don't they talk about this? why don't they do the add-ones that you're doing on the obama care taxes? >> i'm actually not sure about this. i'm pretty confused about why the romney campaign didn't hit the obama care tax argument harder on the campaign trail because the supreme court ruled it a tax for good reason. it had gone through the numbers here on your show. this hit small business
how is that going to help the economy? >> it won't help the economy. they're going to put this new 3.8% sur fax on to investors to pay for obama care. as you mentioned, it cost more than $100 billion. something to keep in mind here is the total tax hike cost for obama care is $500 billion. americans will see more than half of that take place on january 1st. >> that's on top of whatever they decide to do on this fiscal cliff business. katie, the next biggest one, $87 billion is an...
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chars: the economy is scary, but this is even scarier. not the zombies, but the government spending taxpayer government spending taxpayer money on 5-hbut some people wondered oveabout caeine.imes. the executive director of the center for science in the public interest said, "overdoing caffeine alone is actually pretty difficult to do. someone would have to make an effort to consume 40 or so 200-mg caffeine tablets." or... about this much 5-hour energy... in a single day. we recommend... not more than two per day. yeah, when we first came out with the product... you know, i made sure of one thing. if my family wasn't going to use it... if it wasn't good enough for my family if it wasn't safe for my family... i'm not gonna put it out there. i take it almost every day. and twicwhen i play tennis. this is our criteria that we have to be safe... if we're notilling to do it ourselves... we're not asking anybody else to do it. we're not gonna sell it. so, that's our approach to safety... that is a higher standard you can get. charles: paying for
chars: the economy is scary, but this is even scarier. not the zombies, but the government spending taxpayer government spending taxpayer money on 5-hbut some people wondered oveabout caeine.imes. the executive director of the center for science in the public interest said, "overdoing caffeine alone is actually pretty difficult to do. someone would have to make an effort to consume 40 or so 200-mg caffeine tablets." or... about this much 5-hour energy... in a single day. we...
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Dec 2, 2012
12/12
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what they really want to know is the economy going to grow or not. if you're increasing taxes on dividend, you get less capital and dividends and then less growth for the economy and less revenue for the government. >> well, a lot of people worry about the many years that japan has been in a slow growth environment, but they've kept interest rates very low in japan, but the problem is, government is too big. that's why japan has not been able to start growing again. and this is the path that the u.s. is certainly on if we don't change that dynamic. >> paul: kim, is there any recognition about this in washington or is it all -- i mean, do you hear any of this discussion or do they really believe, certainly, the white house and the treasury, that tax rates like this don't matter, at that ultimately-- >> no, they do to a degree. if you talk to the officials iran up, come on, so we're going to raise the rates, what is fascinating to put it in the bigger context of the debate about tax revenue, the economists have the static view, you've got x-amounts of
what they really want to know is the economy going to grow or not. if you're increasing taxes on dividend, you get less capital and dividends and then less growth for the economy and less revenue for the government. >> well, a lot of people worry about the many years that japan has been in a slow growth environment, but they've kept interest rates very low in japan, but the problem is, government is too big. that's why japan has not been able to start growing again. and this is the path...
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Dec 4, 2012
12/12
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the idea we're at a fiscal cliff where the economy stops on january 1st is completely misleading. it's a squeeze. everyone will feel it, but then you're in a position where everyone can vote to cut taxes. that might be more politically feasible. >> i like that perspective. you help us take out some of the fear mongering we see, a lot of the media is perpetuating. that's why we're doing the fiscal follies and the wheel of fortune. fiscal fiesta. the media is doing all this fear mongering and you get a lot out of washington. this is a self-created drama, of course. these cliff negotiations. but the markets are remaining relatively calm and steady. why are investors being so cool and above the fray when everybody else is running around with their heads cut off? >> everybody thinks what you see on tv with the duelling positions and we refuse to negotiate, the market sees it for what it is, which is theater. everyone is staking out the position trying to suck up to the base. there will be behind the scenes caving at some point, and if there isn't, if everyone just says absolutely not,
the idea we're at a fiscal cliff where the economy stops on january 1st is completely misleading. it's a squeeze. everyone will feel it, but then you're in a position where everyone can vote to cut taxes. that might be more politically feasible. >> i like that perspective. you help us take out some of the fear mongering we see, a lot of the media is perpetuating. that's why we're doing the fiscal follies and the wheel of fortune. fiscal fiesta. the media is doing all this fear mongering...
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Dec 4, 2012
12/12
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enough to get back to a healthy economy. they cut the estimate to how much we are growing. people are not making enough money and therefore, not spending enough money and businesses are not hiring enough people. we need to be talking about growth. the problem in the country is an economic growth problem. the deficit, nobody wants there to be a deficit, but that's not the pressing need we've got as a nation. growing the economy, frankly, is the only way we have gotten rid of red ink in the past. when americans are better off, they pay more in taxes. the government can pay for the usual things and pay down the debt. president clinton, the surplus, he got that partly from raising revenue. raising taxes. but also he did it in a way that grew the economy and the nation prospered and the debt became no big deal and then the debt was gone and the debt clocks that were supposed to be scary got shut off. that was because of prioritizing economic growth and being willing to raise revenues. look when we started growing again after the
enough to get back to a healthy economy. they cut the estimate to how much we are growing. people are not making enough money and therefore, not spending enough money and businesses are not hiring enough people. we need to be talking about growth. the problem in the country is an economic growth problem. the deficit, nobody wants there to be a deficit, but that's not the pressing need we've got as a nation. growing the economy, frankly, is the only way we have gotten rid of red ink in the past....
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Nov 29, 2012
11/12
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. >> you're not going to grow the economy if you raise tax rates on the top two rates. it'll hurt small businesses, it'll hurt our economy, it's why it's not the right approach. we're willing to put revenue on the table as long as we're not raising rates. >> brown: despite the president's talk of changing minds, "politico's" manu raju says that privately, house republicans think they can win this fight. >> right now the republican leadership feels pretty confident that they have most of their folks in line. they all generally support keeping tax rates low for virtually for every single income group. they do not want to see incomes increase for that top tax bracket. >> brown: meanwhile, on the senate floor, minority leader mitch mcconnell criticized democrats for putting social security off limits in any deficit deal. >> as for social security, the only thing we hear from why in the world wouldn't they want to talk about the fact that this vital program started spending out more than it took in 2010, for the first time in nearly 30 years and that its trustees now estimat
. >> you're not going to grow the economy if you raise tax rates on the top two rates. it'll hurt small businesses, it'll hurt our economy, it's why it's not the right approach. we're willing to put revenue on the table as long as we're not raising rates. >> brown: despite the president's talk of changing minds, "politico's" manu raju says that privately, house republicans think they can win this fight. >> right now the republican leadership feels pretty confident...
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Dec 6, 2012
12/12
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not a pro on the economy. i think we need to invest and there's a sweet spot comes up in infrastructure in particular that offers a real opportunity. >> jay, my question. as far as when you talk about that sweet spot, if we're going to start seeing inflation through the roof, i think a lot of people expect it if we come it to a deal with the fiscal cliff and get economic growth and get people investing, inflation will go up. so that is going to be a problem for american families. like you said, there are places that business can succeed. is it government-infused money to get there, or is it going to be actual, real, american dollars in there? >> susan, that's really the opportunity. first of all, i don't think inflation is a concern for years. in order for inflation to be a concern it it has to get into the wage cycle. we're far from that. the needs are clear. ports, roads, transport rail and plus protection against extreme weather. on the other side demand. the demand for infrastructure investments isle comin
not a pro on the economy. i think we need to invest and there's a sweet spot comes up in infrastructure in particular that offers a real opportunity. >> jay, my question. as far as when you talk about that sweet spot, if we're going to start seeing inflation through the roof, i think a lot of people expect it if we come it to a deal with the fiscal cliff and get economic growth and get people investing, inflation will go up. so that is going to be a problem for american families. like you...
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Nov 28, 2012
11/12
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we don't need to have a regulates economy. we need to give the private sector enough breathing room and make sure that we don't brush this initiative. i'm optimistic for the first time in a long time. >> what did you say? free market unregulated economy? >> that is my fantasy. i can't believe it. that we are in agreement on protecting the environment. if the people don't want it, they won't do it. anyway, tyson, thank you. dan mitchell, thank you. now let's talk about california with crashing production and a 13% top state income tax rate. no kidding. no surprise. companies are fleeing the state. but where will they end up? we are about to show you. those little things still get you. for you, life's about her. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequent
we don't need to have a regulates economy. we need to give the private sector enough breathing room and make sure that we don't brush this initiative. i'm optimistic for the first time in a long time. >> what did you say? free market unregulated economy? >> that is my fantasy. i can't believe it. that we are in agreement on protecting the environment. if the people don't want it, they won't do it. anyway, tyson, thank you. dan mitchell, thank you. now let's talk about california...
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Nov 29, 2012
11/12
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for moving the economy forward. president obama, of course, said on election night that he wanted to sit down with mitt romney and do exactly that. and carney was also asked again if president obama would be offering romney any sort of cabinet position. and carney said he did not expect that to happen. i think this was in large part about optics. striking a tone of bipartisanship after what was really a grueling campaign season. helping these two former rivals to essentially move forward. also, in turn, helping the country to move forward. >> is there going to be an internal release of a picture or something like that of the two-minute lunch today? we only have that, you know, little bit of video of mitt romney arriving. >> reporter: yes. that is what we are hoping for. we're hoping for a picture. we're hoping for a few details about what specifically happened. the white house has essentially said they're not going to read out this entire lunch. we asked them for a transcript. doesn't look like we're going to get th
for moving the economy forward. president obama, of course, said on election night that he wanted to sit down with mitt romney and do exactly that. and carney was also asked again if president obama would be offering romney any sort of cabinet position. and carney said he did not expect that to happen. i think this was in large part about optics. striking a tone of bipartisanship after what was really a grueling campaign season. helping these two former rivals to essentially move forward. also,...
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Dec 1, 2012
12/12
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>> increasing tax rates draws money away from our economy that needs to be invested in our economy to put the american people back to work. it's the wrong approach. we're willing to put revenues on the table, but revenues that come from closing loopholes, getting rid of special interest deductions, and not raising rates. we think it's better for the economy. pure and simple. secondly, the american people expect us to find common ground, to work together, and to resolve this. and frankly, sooner is better than later. >> you've been doing this for a long time. the past 24 hours, is this the necessary public posturing that needs to go on or is there a serious stalemate right now? >> there's a stalemate. let's not kid ourselves. i'm not trying to make this more difficult. if you've watched me in the last three weeks, i've been very guarded because i don't want to make it harder for me or the president or members of both parties to be able to find common ground. but when -- when i come out the day after the election and make it clear that republicans will put revenue on the table, i took a
>> increasing tax rates draws money away from our economy that needs to be invested in our economy to put the american people back to work. it's the wrong approach. we're willing to put revenues on the table, but revenues that come from closing loopholes, getting rid of special interest deductions, and not raising rates. we think it's better for the economy. pure and simple. secondly, the american people expect us to find common ground, to work together, and to resolve this. and frankly,...
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just can't seem to get the economy going. lots of efforts and a ton of help from the state of chicken. why can't you get this back on track? >> like every urban area in the country, we are suffering in the foreclosure. we live and die by property taxes and sales taxes and they are all coming in shorter than anticipated. basically because the property values in detroit. it is starting to pick up in michigan. we just need a little bit more time in order to get our financial house in order. in order to grow our economy. gerri: i have heard that before. we need more time to get our fiscal house in order. wouldn't it make more sense? i know that you are probably playing all kinds of different groups. all kinds of different political groups who want to have their voice heard. wouldn't it make more sense to come in and have the state on this thing -- the thing that we will fix this thing and get it done. >> unfortunately, they can't unilaterally change them. so the financial emergency manager coming into detroit, setting us back a y
just can't seem to get the economy going. lots of efforts and a ton of help from the state of chicken. why can't you get this back on track? >> like every urban area in the country, we are suffering in the foreclosure. we live and die by property taxes and sales taxes and they are all coming in shorter than anticipated. basically because the property values in detroit. it is starting to pick up in michigan. we just need a little bit more time in order to get our financial house in order....
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Dec 6, 2012
12/12
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>> they're being given a choice between an economy which has been fantastic for them. labor has done really badly. they're saying, the current situation is great for us. but now we have two choices, between great and even better. are and given the choice, they'll take even better. >> and you talk about liberal pieties or whatever, the hatred of unions. i think that people underestimate, don't get -- and i've encountered this in my reporting, how visceral, almost dogmatic, almost religious and ideological, how fervently that belief is and how common that is among people who make a ton of money. >> it's one of the few times that you find a vague semblance of ideology in these people. because they're very practical, most of the time. whatever works in terms of making money is what they'll all choose. but you're right, sometimes even when you show them the numbers and say, listen, recognizing unions, you can be more profitable overall, they don't like that. >> felix salmon, reuters finance blogger, who will be live blogging in january, you should check that out, thanks for
>> they're being given a choice between an economy which has been fantastic for them. labor has done really badly. they're saying, the current situation is great for us. but now we have two choices, between great and even better. are and given the choice, they'll take even better. >> and you talk about liberal pieties or whatever, the hatred of unions. i think that people underestimate, don't get -- and i've encountered this in my reporting, how visceral, almost dogmatic, almost...
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Nov 30, 2012
11/12
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KQED
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economy was hotter than first thought this summer. in the newest data on the gross domestic product, the economy grew in the third quarter at its fastest pace of the year. the revised report said the economy grew at a 2.7% clip. that's well above the previously reported 2% growth. adding fuel was restocking inventories, which is not expected to continue. higher federal government spending and stronger u.s. exports also helped. the impact super-storm sandy has had on the job market seems to be dissipating. 23,000 fewer americans filed for first-time unemployment benefits during thanksgiving week compared to a week earlier. the total was 393,000. it had jumped to over 400,000 in the weeks following the storm. still, we saw just modest gains on wall street today-- the dow rose 36 points, the nasdaq was up 20, and the s&p 500 added six. >> tom: the roster of companies announcing special one-time paydays for their shareholders continued growing today. taxes on stock dividends are currently set at 15%. but with no deal on the fiscal cliff,
economy was hotter than first thought this summer. in the newest data on the gross domestic product, the economy grew in the third quarter at its fastest pace of the year. the revised report said the economy grew at a 2.7% clip. that's well above the previously reported 2% growth. adding fuel was restocking inventories, which is not expected to continue. higher federal government spending and stronger u.s. exports also helped. the impact super-storm sandy has had on the job market seems to be...
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Dec 1, 2012
12/12
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. >> wherever our trades negotiation the economy comes to life. norfolk-suffolk, one line, infinite possibilities. >> additional corporate funding is provided by boeing. additional funding is provided by the anenburg foundation, the corporation for public broadcasting and by contributions to your pbs station from viewers like you. thank you. once again, live from washington, moderator gwen ifill. gwen: good evening. perhaps you took a break for the holidays. perhaps you gave thanks that the election was ofrlte then you dialed back in this week and discovered, no, we have apparently just entered a new phase in a political year that never ended. two big stories this week -- the impending fiscal cliff and the washington debates over who will succeed hillary clinton as secretary of state. first to the fiscal cliff. at the end of the year the buescher ra tax cuts will expire and the first wave of $1.2 trillion in spending cuts is scheduled to kick in. c.e.o.'s and economists alike are worried this will send the economy spiraling back into recession. th
. >> wherever our trades negotiation the economy comes to life. norfolk-suffolk, one line, infinite possibilities. >> additional corporate funding is provided by boeing. additional funding is provided by the anenburg foundation, the corporation for public broadcasting and by contributions to your pbs station from viewers like you. thank you. once again, live from washington, moderator gwen ifill. gwen: good evening. perhaps you took a break for the holidays. perhaps you gave thanks...